Zimbabwe Gets $32 Million in Drought Insurance From Agency of African Union July 5, 2024 By Godfrey Marawanyika Zimbabwe received $31.8 million from African Risk Capacity, an arm of the African Union, as part of an insurance payout...
People Moves: Everest Taps BHSI’s d’Huart as Head of France, Charon Named Head of Client Engmt, Europe; CNA Hardy Promotes Magnus as Active U/W at Lloyd’s July 3, 2024 This edition of International People Moves details appointments at Everest in Europe and CNA Hardy. A summary of these new...
Houthis Escalate Red Sea Danger With Explosive Drone Attacks July 3, 2024 By Jonathan Saul and Renee Maltezou Yemen’s Houthis are sending drone boats packed with explosives into the Red Sea as they intensify their attacks on merchant...
Specialist Risk Group Acquires Political Violence MGA, Tristar Special Risks July 3, 2024 Specialist Risk Group, the London-based insurance intermediary, announced the acquisition of political violence specialist underwriter, Tristar Special Risks. Tristar Special...
Howden Enters Japanese Market, Invests in Keystone ILS Capital July 3, 2024 Howden, the London-based insurance intermediary group, announced its entry into the Japanese market, launching Howden Re Japan Ltd. and an...
Hurricane Beryl Roars Toward Jamaica on Destructive Path July 3, 2024 By Brian K. Sullivan and Stephen Stapczynski Hurricane Beryl churned toward Jamaica with violent winds, heavy rains and a life-threatening storm surge that could cause more than...
What Is China’s Planned Financial Stability Law and How Will It Work? July 3, 2024 China is moving closer to unveiling its financial stability law, which includes setting up a fund to rescue troubled financial...
London Defers Tallest Tower Decision Amid Neighbors’ Objections, Including Lloyd’s July 3, 2024 By Jack Sidders and Michael Hennessey The City of London Corporation deferred a vote on plans for a new 73-story office tower next to the Gherkin...
Coverys Launches London Market Insurer, Approved to Write US E&S Business July 2, 2024 Coverys Ltd., a UK entity in the Coverys Group of Companies, has received regulatory authority to launch a London company...
Japan Insurers Plan to Sell $3.1 Billion Worth of Honda Shares, Reuters Reports July 2, 2024 Japan’s four top property and casualty insurers, along with other financial firms, are planning to sell around ¥500 billion ($3.1...